@@Cub__ 100% perfect example because a constructioner is easier to replace than a once in a generation basketball player. The sad irony is the fact that even in terms of workforce the concept of supply and demand still rules.
Warriors worth when Steph was drafted $700 Million Warriors worth after Stephs 11 year in league - $4.3 Billion I think that pretty much explains why players deserve their money
loyyds bank made hundreds of millions last year. i work for loyyds... guess my salary?... :P it is money laundering from illegal sports bets that they need to wash ;)
I see too many people mad about how much athletes make, but they still watch the games, buy the jerseys, etc. If you are upset then stop doing that stuff that gives them revenue.
Yea but it’s not that athletes are overpaid it’s that some stars are on albatross contracts and have mediocre production compared to some rising rookie who makes nothing comparatively
GSW was worth 450M in 2010, now it's worth more than Lakers. Listed at 4.7B, Steph Curry's pay is justified if not underpaid especially during that 44M/4y to now 44M/y. Probably 50M/y from 2023 and on...
Sports are brutal man. I used to play soccer from 9yrs to 15. I suffered a hip injury I damaged both hips. I've had 2 surgery on my right hip to walk again. I need a meniscus surgery next month to fix my knee. I need to wait after this to repair my left hip and then my other meniscus. I could not imagine being pro :/
Idk maybe ur body wasn’t genetically built for the force U put out. Derrick rose was a God at basketball cause he was so explosive but his body couldn’t handle the force he was puttingout witch lead to alottt of knee injuries
Exactly! Sports and entertainment professions are paid by private organizations or even people. They aren’t getting tax dollars or taking from ones paycheck. When people say “fire fighters, military etc etc should get paid as much as athletes” it makes zero sense. But, hey
That, and more so because lots of people are willing to pay money to watch them do what they do. Even with those abilities, if people weren't willing to spend money to watch, it wouldn't be worth any money.
In the future, could you make a video on TH-cam revenue and whether making a career off of TH-cam is sustainable? Love the videos, keep up the great work
They are underpaid at the start of their careers on their first contract and overpaid at the end. And then there is Chandler Parsons who made out like a bandit after just one good season. 😊
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When you hear someone criticize athlete salaries and minimize what they do I know very quickly they are mental midgets. You don't have to be a big sports fan to understand that being in the top .05% of your craft in a value-driven entertainment business will command you top dollar. For all the types that make fun of someone who dribbles a basketball for a living, they do not understand that this player Is one of the best 500 people on the planet to do so. I would hope that any other person who was top 500 for their craft is well compensated as well.
@@ALsn-xz9ix What good is luck absent in the skillset? If a prospect did not get scouted or go to a half-decent school there are still back-doors into the professional ranks. For all of the glitz and glam of draft day, many rosters are filled out with undrafted players who make the rise through back-routes. In this day and age, with technology and video, there is no such thing as unseen talent. Unless you are a late bloomer there are ways to get your skill in front of people and at the very least get an invite for a workout. The better answer is that sometimes top talent can be wasted on poor coaching which stunts and inhibits development.
@@KOSMOinfinite I never said they weren’t talented I just said it requires a bit of luck to get to that level as well. Sports, more specifically basketball is extremely political meaning that you have to know the right people and play at the right events in order to get scouted. There’s thousands probably hundreds of thousands of people out there who are actively trying to make it pro, do you honestly think that there’s a way for all of those people to get seen? The answer to that question is no
This video was interesting. I guess I never looked at the value that star athletes bring to an organization but it makes sense. Now, if some of these athletes can learn to manage/invest these sudden riches and resist the temptation to spend it on things shiny and new, it would make everything good for everyone. Great channel. Subscribed.
I know. People have this stupid belief that if we pay athletes less then all that extra money will go to funding hospitals and orphanages. In reality, the extra money will just go into the owners pocket. If you pay athletes less, you are just making billionaires bigger billionaires
They are definitely underpaid. If you're 1 of the 500 players of the millions playing basketball worldwide who make it to its highest level, imagine the skill, work, and dedication required. The Franchises are appreciating, and the billionaire owners make tons of money off cable rights, merch, corporate sponsorships and stadium deals.
So this video refers to professional sports but it looks like you are referring to baskdtball. Basketball is followed more than profootball internationally so the tv contracts must be pretty good. I can go without watching probaskstball now but thats ok because im not their target market.
@@nemoretime7466 right, I watch a bunch of sports, but basketball is my favorite, but it applies virtually the same to any sport, especially soccer. Fully guaranteed high 8 figures to 9 figure annual salaries, its really insane!
@@peeayy Yes I never saw basketball contracts getting so high but the tv contracts do it for basketball. When many say that all major sports players are overpaid I always think of football players playing their first four seasons basically underpaid. Like you say even the supposedly bad players in the major sports beat the odds to make it on the team so they receive good pay.
@@peeayy soccer players are massively underpaid, for a perspective, ronaldo gets about $45m annually, and hes the 2nd highest paid soccer players, just 3m more than john wall, an injured ex all star, given the massive soccer fanbase and his own fan base which consists of over 300m on Instagram alone, hes massively underpaid, ronaldo charges 1.2m per endorsement post, and Juventus (his team) can basically tell him to post as many time as they wanted him to, if he posts over 45x annualy about juventus, thats a good investment actually
they're also crazy job creators, like imagine how many people get paid because you want to see LeBron play. Like Coachers, Dieticians, Doctors, People who work at the stadium, public transport to get there food at the game, people who make the jerseys, people who operate the cameras, people who work at footlocker, all of them get paid because of LeBron, and many more stars
@@theman9048 2 things. 1. I didnt say anything about stars, i mentioned lebron specifically. Of course stars help bring eyeballs to the screen 2. The league doesn't make stars, the media does. By sheer virtue of competition, there will always be a current "best in the world" if the top 50 players all retired, tye 51st best player would then be the "best in the world" and the media would hype him up to the point he was a household name. Michael Jackson didnt crown himself the "king of pop" Michael Jordan didn't crown himself "the GOAT" others did and the media ran with it
Saying there was a "fight" last weekend is definitely playing fast and loose with the term. It was closer to the "sports entertainment" that you see in the WWE than a legitimate contest between two evenly matched people. "Cash grab" or "Spectacle" would be a more fitting term.
If some teachers knew their value they should of became a professor or private tutor. Every teacher of the year is underpaid but teachers who follow the SOL curriculum only deserve their horrible checks.
@@criticalcerebral I also thought teachers are under paid but my physics professor broke down her entire income for us to prove it’s not as bad as it seemed. She only taught summer and winter courses at a community college and for that she was paid $25k a year. But she was a full time teacher at a local HS, 25 years of service and tenure. Plus she was department lead. For that job it added up to $135k a year. So combined she made $160k a year on average. She also tutored from time to time as well or took on other duties that added to her pay.
@@mkmllrc No, it si not like they are not replaceable. If all the best payers suddenly die there will be no major problem for the sport. It is like a very scalable market. Were the has to be a few on the top. If the TV would not show them they would be nothing. It is like President of the United States, it is not that he is irreplaceable, but it can only be one. (skill is important) The product is fun, and it is diced by skill how is in able to play, but the skill is not the product.
Terrific video! Me as a basketball player have a bit of a hard time explaining to people why the salary is actually deserved, now I'll just link your video
Yes they’re overpaid. However, you’re worth whatever the market believes you’re worth. I definitely don’t blame them for getting as much money as possible. The biggest issue with paying these guys so much is that they have influence. People see these athletes and want to have what they have. As we’ve come to learn, thanks to Spencers videos, its that most of these guys aren’t responsible enough to handle this money. But people don’t see that, all they see is the money and the fame. Pro athletes have won the genetic AND financial lottery in their life and social media has got regular people thinking they can do the same.
They aren’t overpaid at all. They are literally the product. I’m also tired of this genetics thing. There are tons of giant human beings who suck at every sport. These guys worked their asses off to get where they are. You aren’t born talented
Wages and salaries have not kept pace with the cost of living by a damn sight..but couldn’t Nike have taken 250,000,000 of that LeBron deal and paid their sweatshop workers better?
They’re employees at the end of the day, and closer to the bottom than the top. The percentage of profit may be higher of course. But imagine the wage of the average Walmart worker, vs. the revenue the store generates every year.
Who’s overseeing the products..? Who’s protecting the products?? Who restocking the products? The workers understand complete capitalism from the top to bottom.. moving parts to the machine..and head is just a head if it has no body to move.. let that sink in..
Nba players have a union which helps them get more pay for the average player. If WalMart workers had a Union, they could also demand higher pay. The risk of that is that unions are great at destroying your competitive advantage and running your company into the ground if they aren’t careful. The NBA is a monopoly so it works for them.
The craaaaaaaaaaazy 🤯 thing about most professional teams is the LARGE gap between how much the 🌟 usually the QB on a NFL team/ the DH on a MLB team is making 10x as much as other players in the starting lineup ( I'd be pissed if I was the center of a NFL team who was hiking the ball to a guy who made more in 1 game than I did in half a season).
That’s because those positions are usually more important to long term success. There’s a reason the surgeon makes more than the nurse who hands him tools
Thank you!!! People don't understand value at all. It's very simple, if someone is getting paid x for doing something, obviously that person is bringing x value (usually more) to the person/organization signing the check.
People who say athletes are overpaid don’t understand the economics behind it. They bring in SO much revenue. They rightfully should be able to get their fair share of that revenue. The whole operation would fall apart without them!
Compared to what they bring in for the teams they play for and the brands they represent, definitely. But you know what, I’d love to be paid £100 million for three years and be considered underpaid 😂
Then you start breaking down the taxes they pay and the dreaded jock tax they pay and you quickly realize they get less than half of what their salary is
Hey Spencer! It'd be cool if u could review how much UFC fighters make in relation to other sports like the NFL or boxing. How that came to be and what it looks like even against other promotions like bellator or one championship. Great video as always
I love this, and you broke it down so easy. These athletes wouldn’t be making the money they do if they weren’t bringing in 4x+ what they’re being paid.
don't count me... I would never play basketball and so many more millions who are not interested in playing basketball. if they would be all interested and motivated and there no other choice in life then basketball then 99% of NBA players would different
@@jonescomplete its just bread and circus for retards. Once economic crisis hits it will take a different turn. Watching someone play any kind of sports is not needed for survival.
Athletes are not overpaid. They do not get paid to play a game, they get paid to generate revenue. And they generally only get about 50% of what they're actually generating.
I don’t understand people who say anyone is overpaid. Why would someone willingly pay someone too much? And if for someone reason they did it out of generosity why is that looked at as a problem? It obviously just stems from envy.
I think your wrong on the Barcelona one. Messi’s contract is a big reason but not the only one that they are in a stupid amount of debt that has become a massive problem for the club and it is affecting their ability to be one of the best teams in the world and you’ve seen that recently
When someone says "Athletes are so overpaid", they're telling you that have absolutely no critical thinking skills. It's one of the dumbest bits of commentary I hear spewed by people on a consistent basis.
I think people truly do understand how they make so much, but a large percentage of athletes (esp. now days) act like drug kingpins once they get their money, so people think it's too much. I remember 5 years back there was a Phillies player at a nightclub I was at. He was interested in one of my friends, but she was married. This guy literally paid one of the bartenders who knew her $4k just to get her number and text her. She googled him and learned he had 4 kids and a wife back in the Dominican Republic, but he was offering her money to meet him at a hotel. These are the types of people most of these athletes are, so the general public doesn't want more assholes like that out in the world. That's why people really think they're overpaid.
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Also valuations have no direct impact of cash flow and having your brands valuation 5x seems like a great thing (especially for the Silicon Valley VC’s) but it’s a sort of arbitrary number until you are trying to sell the brand.
Excellent video. There is a direct correlation between a lot of these owners' net worth and having a superstar. You can make a case otherwise, but you would be wrong.
Lebron is actually pretty underpaid compared to how much revenue he brings in. They did an article one time saying like 60-70mil a year would be more fair.
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fantastic video spencer! really enjoyed it and you make it easy to understand (at least for people with the mental capacity) why pro athletes (at least the best athletes) make what they make compared to the regular working man/woman. thanks for your hard work. really enjoyed your legwork on the vegas dave/steve stevens fraud videos! 💙 subscription added. will be watching your past videos and the new ones as they go live. cheers from southern ontario 🍁
@@philthornton1382 Again, if you think that, you didn't watch the video. Agents make money because of the way they market their clients. Pogba is worth more than Modric, despite Modric having more accolades. Because of the way he's marketed. That's an agents job. They do so much more than just negotiations. That's only part of the job.
@@IbkAdelekan sorry agents are a cancer on sport, Mino Raiolas ‘fees’ to sign his players (wanting a 20m payment to him personally for AC Milan to keep their former goalie)
They arent "over paid" in relation to the revenue that they generate. The reason why people think they are over paid is because some of these athletes get 200mil and still say the teams need to pay them more, while 90% of the population is living off under 40k a year. They literally make more money in a month than most people will see in their entire lifetime. So, a lot of people just cant wrap their head around that. Myself included.
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As far as I am concerned, professional athletes are overpaid, highly, there should be a cap on all sports, if that cap is to be breached, it should be based on performance and or incentives, all based on sporting speciality of course. This will keep fans tickets at a reasonable price, and even get more fans into stadiums, as well as there will be more money to be spent on investing and in development of sports, as well as there can be investments in minor teams, which can give more persons an opportunity to be sports personalities. Also..no star, none, no matter how good they are, can play on a team by themselves, and thats a simple sporting fact.
This knowledge is applicable in professional sports where revenue is directed by the fans, but the NCAA and federal government have both worked to undermine those market forces in college sports. Out of all the NCAA leagues available, only D-1 Football and D-1 Men's Basketball ever drive sales or attention. Every other NCAA sport and division, including every women's sport, is a loss-leader. Federal and NCAA rules prohibit paying "student athletes" a salary, even if their revenue-generating ability rivals that of professional leagues, while federal law forces the university to subsidize all the loss-leading sports, giving full rides to athletes who couldn't fill a teacup, let alone a stadium.
A few points about the NFL. The media kicker in the new CBA depends on the size of the TV contracts it isn't a guaranteed 48.5%. It can range from players receiving 48.021% of total revenue if they average $9.932 Billion over the CBA to 48.8% of total revenue if they average $16.185 Billion. Players receive 55% of League Media revenue not 48%. Players get different shares of revenue depending on the source, it all has to fit into the minimum 48% maximum 48.5% of "total revenue" however. The Packers most recent report was for the 2019-2020 season. Their total revenue was $507 with $296 million in national revenue and $211 million in local revenue. The Packers had the 9th highest revenue in the league for the 2019-2020 season. Their report for the 2020-2021 season will be out in July,2021.
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Your also missing @ the end of video. basket ball player are consider CATTLE under tax laws. Only basketball player are consider CATTLE in the USA. Owners can write off B Ballers salary twice. If look at NBA tax filing. Most of are in the red on the tax return. Actual earning are different and very hard to find. The biggest lost on the returns are salaries. Clippers under Sliver was only team who were in the black year after year.
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Wow,some of these rules really don’t strictly apply to the NHL. This year we had a textbook example of how stars don’t win you championships in the NHL. NHL is a whole different thing altogether.
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Pretty sure them getting the finals wasn't the biggest pump in their evaluation as a team. They got new tv contracts and across the board team values and player salary caps went up
I agree with players not being “overpaid” but I don’t know if I agree with being “underpaid”. It’s no secret they need to have a Margin on their employees or the people they sponsor. I see this as being paid fairly as it’s what the market dictates
These players are worth what the market is willing to pay.. period. On the other side of it, these players have to bend the knee and say or do whatever their enforcements say to do.
Nobody will pay to watch you do your 8 to 5 job. If you don't watch any games or movies and don't have cable TV, you will not pay for athletes' or entertainers' salaries. I don't think I have bought anything because a celebrity endorses it. If you are a commission-based salesman with no cap on compensation, the sky is the limit.
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Since I always look at this from a producer rather than a consumer mindset, all of this makes perfect sense when explained :) These people have massive value for these companies in terms of ROI and the easiest way to go to market.
“You never get what you deserve; only what you have the leverage to negotiate.” Jalen Rose
And that's the 100% with anything, i mean if hardwork alone made you rich then construction workers would be billionaires.
@@Cub__ 100% perfect example because a constructioner is easier to replace than a once in a generation basketball player. The sad irony is the fact that even in terms of workforce the concept of supply and demand still rules.
Technically lebron is underpaid by economic share
Truer words…
@@Cub__ there's so many factors that go into becoming wealthy
Warriors worth when Steph was drafted $700 Million
Warriors worth after Stephs 11 year in league - $4.3 Billion
I think that pretty much explains why players deserve their money
Damn I didn’t know that
loyyds bank made hundreds of millions last year. i work for loyyds... guess my salary?... :P it is money laundering from illegal sports bets that they need to wash ;)
Shame merchandise, ticket prices and concessions are so expensive tho
They deserve to own the team.
@Anthony Cavitt does your work produce millions in ad revenue tho? Kind of matters in terms of salary
I see too many people mad about how much athletes make, but they still watch the games, buy the jerseys, etc. If you are upset then stop doing that stuff that gives them revenue.
Facts
Yea but it’s not that athletes are overpaid it’s that some stars are on albatross contracts and have mediocre production compared to some rising rookie who makes nothing comparatively
@@wzac1234 Ur mediocre production from star players still puts up 20+% revenue than ur average player
Not me. My local team just one the NBA championship and I still dont give af.
All facts BUT JOHN WALL IS GETTING PAID 40MIL
Man I remember when KG got his first mega deal, 6yrs for like $128m and everyone was shocked. That is a bench player salary now!
Well because of inflation so it was still relatively a lot in today’s time
that is not a bench playlet salary lol
@@JustJman true
@@dwade1115 thanks genius!
What bench player is getting a 6 year deal?
If they can pay that much they are making A LOT more folks
Well that's kinda how business works. You pay a percentage of expected ROI.
@@HH-le1vi hmm had no clue at all about how business works man 🤔
@@user-lr1vu4nw6z bruh
He said "ouch" when it came to John Walls salary LMAO!!!
I mean maybe if he didn't bring a whole gun to work
@@nxbis I thought that was Gilbert Arenas.
@@nxbis those were other 2 players before he was even drafted
@@nxbis that wasn’t John wall lol
@@nxbis Wrong player, my man.
Athletes make their team owners, tv networks billions. Most of these start athletes are underpaid compared to the money they generate
Few of the make money - the BRAND makes money.
Been watching NFL since the 90s - were it "all about the athletes" I'd have quit when they retired
GSW was worth 450M in 2010, now it's worth more than Lakers.
Listed at 4.7B, Steph Curry's pay is justified if not underpaid especially during that 44M/4y to now 44M/y.
Probably 50M/y from 2023 and on...
Fax
In the nba stars matter nfl not so much
@@jayinthebx
Lakers/Celtics have 17 titles each.
But sure pal, ehatsebr you said.
Sports are brutal man. I used to play soccer from 9yrs to 15. I suffered a hip injury I damaged both hips. I've had 2 surgery on my right hip to walk again. I need a meniscus surgery next month to fix my knee. I need to wait after this to repair my left hip and then my other meniscus. I could not imagine being pro :/
Idk maybe ur body wasn’t genetically built for the force U put out.
Derrick rose was a God at basketball cause he was so explosive but his body couldn’t handle the force he was puttingout witch lead to alottt of knee injuries
@@exelclan6028 he just needed to get more meat on his bones like lebron and work on his landing
Wishing you the best dude!
I lost my soccer career due to an ACL tear.
Supply and Demand. A ridiculous high demand for pro athletes and an extremely low supply
When Pascal Siakam who couldn’t spin around Kemba Walker in the 2020 playoffs gets paid $32M per year 😮 at least he’s an all star
😂factz
I'm a Raps fan and I still can't believe we overpaied SiakScam instead of trading him and Lowry to keep Kawhi and bring in PG and Westbrook.
Lol but he would absolutely destroy most ppl and dunk on them with ease
@@deecee2174 that's a bad trade lol
@@deecee2174 u must not be a raps fan then lol
Athletes don't get paid for how 'important' their job is, they get paid for how rare their abilities are.
Exactly! Sports and entertainment professions are paid by private organizations or even people. They aren’t getting tax dollars or taking from ones paycheck. When people say “fire fighters, military etc etc should get paid as much as athletes” it makes zero sense. But, hey
That, and more so because lots of people are willing to pay money to watch them do what they do. Even with those abilities, if people weren't willing to spend money to watch, it wouldn't be worth any money.
They are paid for being popular.
Yep if a qualified schoolteacher was rare in high demand, and people filled 50k seat arenas to see them teach, they'd be raking in millions.
@@starscreen85 nah steph curry has made the warriors billions off people watching the games but in his career has only made a couple hundred mil
In the future, could you make a video on TH-cam revenue and whether making a career off of TH-cam is sustainable? Love the videos, keep up the great work
That's a great idea!
He's already made videos on his own revenue from TH-cam based on views/subscribers
They are underpaid at the start of their careers on their first contract and overpaid at the end. And then there is Chandler Parsons who made out like a bandit after just one good season. 😊
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When you hear someone criticize athlete salaries and minimize what they do I know very quickly they are mental midgets. You don't have to be a big sports fan to understand that being in the top .05% of your craft in a value-driven entertainment business will command you top dollar. For all the types that make fun of someone who dribbles a basketball for a living, they do not understand that this player Is one of the best 500 people on the planet to do so. I would hope that any other person who was top 500 for their craft is well compensated as well.
Well a huge portion of making to that level isn’t just skill based, a lot of it has to do with luck
@@ALsn-xz9ix and connections
@@constanttco7509 or in rare cases tremedeous talent
@@ALsn-xz9ix What good is luck absent in the skillset? If a prospect did not get scouted or go to a half-decent school there are still back-doors into the professional ranks. For all of the glitz and glam of draft day, many rosters are filled out with undrafted players who make the rise through back-routes. In this day and age, with technology and video, there is no such thing as unseen talent. Unless you are a late bloomer there are ways to get your skill in front of people and at the very least get an invite for a workout. The better answer is that sometimes top talent can be wasted on poor coaching which stunts and inhibits development.
@@KOSMOinfinite I never said they weren’t talented I just said it requires a bit of luck to get to that level as well. Sports, more specifically basketball is extremely political meaning that you have to know the right people and play at the right events in order to get scouted. There’s thousands probably hundreds of thousands of people out there who are actively trying to make it pro, do you honestly think that there’s a way for all of those people to get seen? The answer to that question is no
This video was interesting. I guess I never looked at the value that star athletes bring to an organization but it makes sense. Now, if some of these athletes can learn to manage/invest these sudden riches and resist the temptation to spend it on things shiny and new, it would make everything good for everyone.
Great channel. Subscribed.
what do you think is worth watching then?
Spencer I’m thirsting for an update on your car rental biz
Give it time
Yeah, give it time bro.
Ewww you sound so creepy!
@@heavygustav of all the ways to phrase it he/she went with 'thirsting' (🥵 LMAO)
@@keanorobinson3730 Bruuhhh imagine😂😂😂
I'm grateful that you touched on this. So many people don't understand why athletes are "overpaid"
I know. People have this stupid belief that if we pay athletes less then all that extra money will go to funding hospitals and orphanages. In reality, the extra money will just go into the owners pocket. If you pay athletes less, you are just making billionaires bigger billionaires
It's the money they generate .
They are definitely underpaid. If you're 1 of the 500 players of the millions playing basketball worldwide who make it to its highest level, imagine the skill, work, and dedication required. The Franchises are appreciating, and the billionaire owners make tons of money off cable rights, merch, corporate sponsorships and stadium deals.
So this video refers to professional sports but it looks like you are referring to baskdtball. Basketball is followed more than profootball internationally so the tv contracts must be pretty good. I can go without watching probaskstball now but thats ok because im not their target market.
@@nemoretime7466 right, I watch a bunch of sports, but basketball is my favorite, but it applies virtually the same to any sport, especially soccer. Fully guaranteed high 8 figures to 9 figure annual salaries, its really insane!
@@peeayy Yes I never saw basketball contracts getting so high but the tv contracts do it for basketball.
When many say that all major sports players are overpaid I always think of football players playing their first four seasons basically underpaid.
Like you say even the supposedly bad players in the major sports beat the odds to make it on the team so they receive good pay.
@@peeayy soccer players are massively underpaid, for a perspective, ronaldo gets about $45m annually, and hes the 2nd highest paid soccer players, just 3m more than john wall, an injured ex all star, given the massive soccer fanbase and his own fan base which consists of over 300m on Instagram alone, hes massively underpaid, ronaldo charges 1.2m per endorsement post, and Juventus (his team) can basically tell him to post as many time as they wanted him to, if he posts over 45x annualy about juventus, thats a good investment actually
@Mike Siegel well tell idiots to stop watching sports entertainment.
they're also crazy job creators, like imagine how many people get paid because you want to see LeBron play. Like Coachers, Dieticians, Doctors, People who work at the stadium, public transport to get there food at the game, people who make the jerseys, people who operate the cameras, people who work at footlocker, all of them get paid because of LeBron, and many more stars
pretty much its so easy to forget
People still go to games with lebron not there. Are you telling me teams that play without lebron are only half full?
@@FirstnameLastname-yc2mt no but people fly from the other side of the world to see LeBron, other teams get their local fans
@@FirstnameLastname-yc2mt without the stars the NBA has a hard time attracting people. It's why the league almost went bankrupt during the 70s
@@theman9048 2 things.
1. I didnt say anything about stars, i mentioned lebron specifically. Of course stars help bring eyeballs to the screen
2. The league doesn't make stars, the media does. By sheer virtue of competition, there will always be a current "best in the world" if the top 50 players all retired, tye 51st best player would then be the "best in the world" and the media would hype him up to the point he was a household name.
Michael Jackson didnt crown himself the "king of pop" Michael Jordan didn't crown himself "the GOAT" others did and the media ran with it
When I was still a Kid. I’ve always dreamt of being a professional player. Now I’m 30 my dream is to own the team.
Saying there was a "fight" last weekend is definitely playing fast and loose with the term. It was closer to the "sports entertainment" that you see in the WWE than a legitimate contest between two evenly matched people. "Cash grab" or "Spectacle" would be a more fitting term.
I still think it was practiced and choreographed xD
100% accurate
Payout is wayy past anyone in the WWE
Either way, both got richer after that event...
Why are people word gymnasts when it comes to that matchup? Just call it a fight
Everyone claims they like capitalism until they see someone’s else’s paycheck.
The ouch for John Wall 😂😂
That "ouch" for some reason reminded me of how he injured himself while he was in his bathroom 😯
Who else should be “working” right now?
🙋🏻♂️
don't snitch on yourself 🤫🤫
@@brad6546 I’m the Boss.
@@bloatedsodium7301 Better get back to work if you want to keep your boss status...
@SangreFria lmao!
Thats why teachers are paid less, its supply and demand. You can replace teachers not superstar athletes
If some teachers knew their value they should of became a professor or private tutor. Every teacher of the year is underpaid but teachers who follow the SOL curriculum only deserve their horrible checks.
@@criticalcerebral you still can replace a professor with another hundred thousands of professor tho’
@@criticalcerebral I also thought teachers are under paid but my physics professor broke down her entire income for us to prove it’s not as bad as it seemed. She only taught summer and winter courses at a community college and for that she was paid $25k a year. But she was a full time teacher at a local HS, 25 years of service and tenure. Plus she was department lead. For that job it added up to $135k a year. So combined she made $160k a year on average. She also tutored from time to time as well or took on other duties that added to her pay.
@@mkmllrc
No, it si not like they are not replaceable. If all the best payers suddenly die there will be no major problem for the sport. It is like a very scalable market. Were the has to be a few on the top. If the TV would not show them they would be nothing.
It is like President of the United States, it is not that he is irreplaceable, but it can only be one. (skill is important)
The product is fun, and it is diced by skill how is in able to play, but the skill is not the product.
@@everambe4347 did you even read my comment?
Terrific video! Me as a basketball player have a bit of a hard time explaining to people why the salary is actually deserved, now I'll just link your video
Yes they’re overpaid. However, you’re worth whatever the market believes you’re worth. I definitely don’t blame them for getting as much money as possible.
The biggest issue with paying these guys so much is that they have influence. People see these athletes and want to have what they have. As we’ve come to learn, thanks to Spencers videos, its that most of these guys aren’t responsible enough to handle this money. But people don’t see that, all they see is the money and the fame.
Pro athletes have won the genetic AND financial lottery in their life and social media has got regular people thinking they can do the same.
They aren’t overpaid at all. They are literally the product. I’m also tired of this genetics thing. There are tons of giant human beings who suck at every sport. These guys worked their asses off to get where they are. You aren’t born talented
how could mans mess up messi's contract numbers like that
That's exactly what messi is getting paid
mess up?
@@DakaloMooi_05 He said 108$ mill dollars, when its actually 168$ mill a year, the photo he put look at the currency :D
Wages and salaries have not kept pace with the cost of living by a damn sight..but couldn’t Nike have taken 250,000,000 of that LeBron deal and paid their sweatshop workers better?
Sadly a form of control
Spencer's head for numbers and extensive research never fail to impress me. I'd hate to be on this dude's radar for fraudulent practices.
They’re employees at the end of the day, and closer to the bottom than the top. The percentage of profit may be higher of course. But imagine the wage of the average Walmart worker, vs. the revenue the store generates every year.
So untrue. They walk away the league goes down the drain. You can replace a Walmart employee no problem
Walmart employees don't generate profit the products do my goodness bro understand capitalism
Who’s overseeing the products..? Who’s protecting the products?? Who restocking the products? The workers understand complete capitalism from the top to bottom.. moving parts to the machine..and head is just a head if it has no body to move.. let that sink in..
@@joshuafootman1593 depends what you consider profit generating. If nobody stocks the shelves there's no profit to make.
Nba players have a union which helps them get more pay for the average player. If WalMart workers had a Union, they could also demand higher pay. The risk of that is that unions are great at destroying your competitive advantage and running your company into the ground if they aren’t careful. The NBA is a monopoly so it works for them.
The craaaaaaaaaaazy 🤯 thing about most professional teams is the LARGE gap between how much the 🌟 usually the QB on a NFL team/ the DH on a MLB team is making 10x as much as other players in the starting lineup ( I'd be pissed if I was the center of a NFL team who was hiking the ball to a guy who made more in 1 game than I did in half a season).
That’s because those positions are usually more important to long term success. There’s a reason the surgeon makes more than the nurse who hands him tools
Thank you!!! People don't understand value at all. It's very simple, if someone is getting paid x for doing something, obviously that person is bringing x value (usually more) to the person/organization signing the check.
People who say athletes are overpaid don’t understand the economics behind it.
They bring in SO much revenue. They rightfully should be able to get their fair share of that revenue. The whole operation would fall apart without them!
Exactly. They are the product and/or operation.
that russell westbrook contract is not the worst. it’s not a good one but it’s not the worst AT ALL
Great breakdown Spencer...It is very interesting to think some of these guys are actually underpaid...
Very underpaid.. do some research..
Compared to what they bring in for the teams they play for and the brands they represent, definitely. But you know what, I’d love to be paid £100 million for three years and be considered underpaid 😂
@@MB-nb7yq I know right...
Then you start breaking down the taxes they pay and the dreaded jock tax they pay and you quickly realize they get less than half of what their salary is
Hey Spencer! It'd be cool if u could review how much UFC fighters make in relation to other sports like the NFL or boxing. How that came to be and what it looks like even against other promotions like bellator or one championship. Great video as always
I love this, and you broke it down so easy. These athletes wouldn’t be making the money they do if they weren’t bringing in 4x+ what they’re being paid.
The problem I see is nfl money is guaranteed like nba or mlb money is and it’s much much harder on your body as well.
They are in the top .000001 percent of their discipline. Even if it is such an effeminate sport basketball, these guys are apex gods.
Effeminate sport? Yeah right...
don't count me... I would never play basketball and so many more millions who are not interested in playing basketball. if they would be all interested and motivated and there no other choice in life then basketball then 99% of NBA players would different
The top .000001%… of throwing a fucking ball around. This resource allocation decision is stupid no matter how you look at it.
Hahahaha……the dude that probably got cut from the JV Ping Pong team is calling basketball effeminate.
@@jonescomplete its just bread and circus for retards. Once economic crisis hits it will take a different turn. Watching someone play any kind of sports is not needed for survival.
For a player I signed a $100 million contract with. I think we should impose a 70% tax
Being able to sell something is the most valuable skill ever
Athletes are not overpaid. They do not get paid to play a game, they get paid to generate revenue. And they generally only get about 50% of what they're actually generating.
Hey Spencer, great video! One important thing to think about though is that FC Barcelona has very high debt and is currently losing money.
I don’t understand people who say anyone is overpaid. Why would someone willingly pay someone too much? And if for someone reason they did it out of generosity why is that looked at as a problem? It obviously just stems from envy.
I think your wrong on the Barcelona one. Messi’s contract is a big reason but not the only one that they are in a stupid amount of debt that has become a massive problem for the club and it is affecting their ability to be one of the best teams in the world and you’ve seen that recently
I still agree with ur argument that the players arnt overpaid. For sure almost all players arnt overpaid
big fan of your videos and content, like the direction you took this video def don’t think people want to learn why things are how they are
When someone says "Athletes are so overpaid", they're telling you that have absolutely no critical thinking skills.
It's one of the dumbest bits of commentary I hear spewed by people on a consistent basis.
As a Falcons fan, I feel your pain
I’m not even into sports. That’s how good Spencer is.
I think people truly do understand how they make so much, but a large percentage of athletes (esp. now days) act like drug kingpins once they get their money, so people think it's too much. I remember 5 years back there was a Phillies player at a nightclub I was at. He was interested in one of my friends, but she was married. This guy literally paid one of the bartenders who knew her $4k just to get her number and text her. She googled him and learned he had 4 kids and a wife back in the Dominican Republic, but he was offering her money to meet him at a hotel. These are the types of people most of these athletes are, so the general public doesn't want more assholes like that out in the world. That's why people really think they're overpaid.
if she was married, why even care to google the dude?
@@theshilhuette8964 Why not? Esp. considering how creepy he went about getting her number.
Another great Video. Thank you Spencer!! Keep it up
Excellent, now do "Why Your Favorite USWNT Earn Less"? That'd be interesting 😄
Thanks for your comment, will introduce you to something totally different and quite profitable
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They don’t get paid cause no one watches them
Also valuations have no direct impact of cash flow and having your brands valuation 5x seems like a great thing (especially for the Silicon Valley VC’s) but it’s a sort of arbitrary number until you are trying to sell the brand.
Please do a video on PPV vs Subscription model and which one is more sustainable in sports that are more international
Excellent video. There is a direct correlation between a lot of these owners' net worth and having a superstar. You can make a case otherwise, but you would be wrong.
This was so well done 💯
I hope this video has Naomi Osaka making 50M through sponsors...
...🙁
Lebron is actually pretty underpaid compared to how much revenue he brings in. They did an article one time saying like 60-70mil a year would be more fair.
I agree completely some of those players should get ownership for what they have done for those times.well done vídeo. 👌🏾👌🏾👌🏾
Thanks for watching'„ endeavor to write my trade analyst as soon as possible for more enlightening tips...on Trading and investment..
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When I see your naughty smiling face on the thumbnails I know you're up to no good, no I have to click immediately lol!
This is a great video!
didn't realize you were an Atlanta Falcons fan. respect
fantastic video spencer! really enjoyed it and you make it easy to understand (at least for people with the mental capacity) why pro athletes (at least the best athletes) make what they make compared to the regular working man/woman.
thanks for your hard work. really enjoyed your legwork on the vegas dave/steve stevens fraud videos! 💙
subscription added. will be watching your past videos and the new ones as they go live.
cheers from southern ontario 🍁
What a load of waffle
When I was growing up
Carl Yaskremski signed for $125,000. A year
Comment for the algorithm.. Your videos are super well researched and so well presented
love ur videos bro i just subbed, keep doing what you love king
@@user-cu4nz4jv1i nigga u is not the real youtuber shut up
Spencer is back at it again.
Just look at how much a crappy seat costs at an NBA or NFL game and it will make much more sense
Mino riolia be laughing his ass off
What about the agents??
He needs all that money to pay for all his buffet trips, which I assume are many
Agents objectively don't make that much.
@@IbkAdelekan raiola makes..... a lot more than he’s worth
@@philthornton1382 Again, if you think that, you didn't watch the video. Agents make money because of the way they market their clients. Pogba is worth more than Modric, despite Modric having more accolades. Because of the way he's marketed. That's an agents job. They do so much more than just negotiations. That's only part of the job.
@@IbkAdelekan sorry agents are a cancer on sport, Mino Raiolas ‘fees’ to sign his players (wanting a 20m payment to him personally for AC Milan to keep their former goalie)
They arent "over paid" in relation to the revenue that they generate.
The reason why people think they are over paid is because some of these athletes get 200mil and still say the teams need to pay them more, while 90% of the population is living off under 40k a year.
They literally make more money in a month than most people will see in their entire lifetime.
So, a lot of people just cant wrap their head around that. Myself included.
I love your videos Spencer I watch every single one definitely one of the best channels on TH-cam it makes me wanna start my own
Thanks for your comment, will introduce you to something totally different and quite profitable
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As far as I am concerned, professional athletes are overpaid, highly, there should be a cap on all sports, if that cap is to be breached, it should be based on performance and or incentives, all based on sporting speciality of course. This will keep fans tickets at a reasonable price, and even get more fans into stadiums, as well as there will be more money to be spent on investing and in development of sports, as well as there can be investments in minor teams, which can give more persons an opportunity to be sports personalities. Also..no star, none, no matter how good they are, can play on a team by themselves, and thats a simple sporting fact.
“The Bulls can’t afford to pay me what I’m worth.” That’s what Michael Jordan said around the height of his playing.
This knowledge is applicable in professional sports where revenue is directed by the fans, but the NCAA and federal government have both worked to undermine those market forces in college sports. Out of all the NCAA leagues available, only D-1 Football and D-1 Men's Basketball ever drive sales or attention. Every other NCAA sport and division, including every women's sport, is a loss-leader. Federal and NCAA rules prohibit paying "student athletes" a salary, even if their revenue-generating ability rivals that of professional leagues, while federal law forces the university to subsidize all the loss-leading sports, giving full rides to athletes who couldn't fill a teacup, let alone a stadium.
It's all about betting, they got to keep horses/ I mean people happy....
Very good!
14:10 they went to 5 straight finals 2015-2019.
Good show!! On Sports!! You should do Stock analysis!! Thanks for your content on Record, AI, and other not understood Topics.
I don't blame the athletes. I blame the sheep that follow the influencers who will endorse any company willing to throw enough money at them.
A few points about the NFL.
The media kicker in the new CBA depends on the size of the TV contracts it isn't a guaranteed 48.5%. It can range from players receiving 48.021% of total revenue if they average $9.932 Billion over the CBA to 48.8% of total revenue if they average $16.185 Billion.
Players receive 55% of League Media revenue not 48%. Players get different shares of revenue depending on the source, it all has to fit into the minimum 48% maximum 48.5% of "total revenue" however.
The Packers most recent report was for the 2019-2020 season. Their total revenue was $507 with $296 million in national revenue and $211 million in local revenue. The Packers had the 9th highest revenue in the league for the 2019-2020 season. Their report for the 2020-2021 season will be out in July,2021.
Thanks for watching'„ endeavor to write my trade analyst as soon as possible for more enlightening tips...on Trading and investment..
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Your also missing @ the end of video.
basket ball player are consider CATTLE under tax laws.
Only basketball player are consider CATTLE in the USA.
Owners can write off B Ballers salary twice. If look at NBA tax filing. Most of are in the red on the tax return. Actual earning are different and very hard to find. The biggest lost on the returns are salaries. Clippers under Sliver was only team who were in the black year after year.
They are paid “tht much” too because of sport betting. They don’t want “ people” influencing players into accepting bets.
Thanks for watching'„ endeavor to write my trade analyst as soon as possible for more enlightening tips...on Trading and investment.....
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Wow,some of these rules really don’t strictly apply to the NHL.
This year we had a textbook example of how stars don’t win you championships in the NHL.
NHL is a whole different thing altogether.
Absolutely great video!!!
You should do a video on Mathieu Flamini, mans making way more then any athlete/former athlete from na
Thanks for your comment, will introduce you to something totally different and quite profitable
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Pretty sure them getting the finals wasn't the biggest pump in their evaluation as a team. They got new tv contracts and across the board team values and player salary caps went up
I agree with players not being “overpaid” but I don’t know if I agree with being “underpaid”. It’s no secret they need to have a Margin on their employees or the people they sponsor. I see this as being paid fairly as it’s what the market dictates
These players are worth what the market is willing to pay.. period.
On the other side of it, these players have to bend the knee and say or do whatever their enforcements say to do.
Why is the thumbnail looking at me like that?!?! 😂😂
Respect! Thanks for this video.
That money is a write-off in taxes for Nike else they were gonna pay it in taxes anyways. Good business move if you ask me
Taxes always remember taxes!!
Agent fees as well.
@@figarofigaro3429 And then the documentary Broke comes out.
Nobody will pay to watch you do your 8 to 5 job. If you don't watch any games or movies and don't have cable TV, you will not pay for athletes' or entertainers' salaries. I don't think I have bought anything because a celebrity endorses it. If you are a commission-based salesman with no cap on compensation, the sky is the limit.
Thanks for watching'„ endeavor to write my trade analyst as soon as possible for more enlightening tips...on Trading and investment.....
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0:21 the barber deserves a prison sentence
D.Rose getting paid veterans pay is one of the best heist in the history of the NBA.
Thanks for watching'„ endeavor to write my trade analyst as soon as possible for more enlightening tips...on Trading and investment..
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This guys sense of humor is so funny lol. Idk why but the fact that he did the same ridiculous pose as Lebron is so funny
Subtle Kuzma roast 😂 instant like
Great vid dude
😭😭 why ya keep doing Kuzma like that ayo😂😂😂😂
Kuzma did it to himself
Since I always look at this from a producer rather than a consumer mindset, all of this makes perfect sense when explained :)
These people have massive value for these companies in terms of ROI and the easiest way to go to market.